Investing.com – Manufacturing production in the U.K. rose more-than-expected in November, official data showed on Thursday.
In a report, the U.K. Office for National Statistics said that manufacturing production rose by a seasonally adjusted 0.6% in November, after rising by 0.6% in October.
Economists expected manufacturing production to rise by 0.4% in November.
The report showed that year-on-year, manufacturing production rose by 5.6% in November, after rising by 5.8% in October. Analysts had expected year-on-year manufacturing production to rise by 5.3% in November.
The data primarily reflected significant gains in machinery and equipment, basic metals and metal products industries and the food, drink and tobacco products industries, while chemicals and man made fibers industries posted the largest decline.
Meanwhile, the report also showed that industrial production rose less-than-expected in November, rising by 0.4%, after falling by 0.1% in October, whose figure was revised from a decline of 0.2%.
Analysts had expected industrial production to rise by 0.5% in November.
Following the release of the data, the pound was down against the U.S. dollar, with GBP/USD shedding 0.13% to hit 1.5744.
Meanwhile, European stock markets were mixed. The FTSE 100 declined 0.24%, the EURO STOXX 50 jumped 0.83%, France’s CAC 40 gained 0.45%, while Germany's DAX climbed 0.06%.
In a report, the U.K. Office for National Statistics said that manufacturing production rose by a seasonally adjusted 0.6% in November, after rising by 0.6% in October.
Economists expected manufacturing production to rise by 0.4% in November.
The report showed that year-on-year, manufacturing production rose by 5.6% in November, after rising by 5.8% in October. Analysts had expected year-on-year manufacturing production to rise by 5.3% in November.
The data primarily reflected significant gains in machinery and equipment, basic metals and metal products industries and the food, drink and tobacco products industries, while chemicals and man made fibers industries posted the largest decline.
Meanwhile, the report also showed that industrial production rose less-than-expected in November, rising by 0.4%, after falling by 0.1% in October, whose figure was revised from a decline of 0.2%.
Analysts had expected industrial production to rise by 0.5% in November.
Following the release of the data, the pound was down against the U.S. dollar, with GBP/USD shedding 0.13% to hit 1.5744.
Meanwhile, European stock markets were mixed. The FTSE 100 declined 0.24%, the EURO STOXX 50 jumped 0.83%, France’s CAC 40 gained 0.45%, while Germany's DAX climbed 0.06%.